v3.26.1
Investment in and Advances to Non-Consolidated Affiliates and Related Party Transactions (Tables)
12 Months Ended
Mar. 31, 2026
Investment In and Advances To Non-Consolidated Affiliates and Related Party Transactions [Abstract]  
Period-end account balances with non-consolidated affiliates, shown as related party balances
The following table summarizes the assets, liabilities, and equity of our equity method non-consolidated affiliates in the aggregate as of March 31, 2026 and 2025.
 March 31,
in millions20262025
ASSETS
Current assets$615 $570 
Non-current assets848 815 
Total assets$1,463 $1,385 
LIABILITIES
Current liabilities$314 $276 
Non-current liabilities292 277 
Total liabilities$606 $553 
EQUITY
Total equity$857 $832 
Total liabilities and equity$1,463 $1,385 
The following table describes related party balances in the accompanying consolidated balance sheets. We had no other material related party balances with non-consolidated affiliates.
 March 31,
in millions20262025
Accounts receivable, net — related parties
$197 $136 
Other long–term assets — related parties
Accounts payable — related parties
334 275 
Summary of condensed results of operations of equity method affiliates
The following table summarizes the results of operations of our equity method non-consolidated affiliates in the aggregate for fiscal 2026, fiscal 2025, and fiscal 2024 as well as the nature and amounts of significant transactions that we had with our non-consolidated affiliates. The amounts in the table below are disclosed at 100% of the operating results of these affiliates.
in millions
Fiscal 2026
Fiscal 2025
Fiscal 2024
Net sales$1,780 $1,568 $1,519 
Costs and expenses related to net sales1,771 1,531 1,492 
Income tax (benefit) provision
(4)
Net income
$13 $28 $23 
Purchase of tolling services from Alunorf$311 $298 $297